Returns on 1 million TL investment hit the ceiling

The Central Bank of the Republic of Türkiye (CBRT) is taking steps to encourage the conversion from foreign currency to the Turkish Lira (TL) with the increase in the policy rate.

These steps have led investors to turn to TL deposit accounts again. Deposit interest rates, which have reached their highest levels in the last four months, are especially pleasing to those with high savings.

HIGHEST DEPOSIT INTEREST RATES BY BANKS

Below are the interest rates offered by leading banks in Türkiye for 1 million TL and the 32-day yield of this amount.

*FIBABANK

Interest Rate: 52%

Maturity Amount: 1,038,751 TL

Net Earnings: 38,751 TL

*Türkiye Finance

Interest Rate: 53%

Maturity Amount: 1,039,496 TL

Net Earnings: 39,496 TL

*QNB Finansbank

Interest Rate: 50.5%

Maturity Amount: 1,037,633 TL

Net Earnings: 37,633 TL

*Denizbank

Interest Rate: 50%

Maturity Amount: 1,037,260 TL

Net Earnings: 37,260 TL

*Akbank

Interest Rate: 49%

Maturity Amount: 1,036,515 TL

Net Earnings: 36,515 TL

*Guarantee BBVA

Interest Rate: 48.5%

Maturity Amount: 1,036,142 TL

Net Earnings: 36,142 TL

*TEB

Interest Rate: 52%

Maturity Amount: 1,038,751 TL

Net Earnings: 38,751 TL

*Yapı Kredi

Interest Rate: 49%

Maturity Amount: 1,036,515 TL

Net Earnings: 36,515 TL

*ENG

Interest Rate: 51%

Maturity Amount: 1,038,005 TL

Net Earnings: 38,005 TL

*Turkish Is Bank

Interest Rate: 39.5%

Maturity Amount: 1,029,436 TL

Net Earnings: 29,436 TL

*HSBC

Interest Rate: 50%

Maturity Amount: 1,037,260 TL

Net Earnings: 37,260 TL

*Halkbank

Interest Rate: 42%

Maturity Amount: 1,031,299 TL

Net Earnings: 31,299 TL

HIGH INTEREST RATES AND EARNINGS POTENTIAL

Although current deposit interest rates vary from bank to bank, generally high rates attract attention.

High interest rates offer opportunities for big investors and savers to make a profit. Especially banks like FibaBank, Türkiye Finans and TEB stand out with their highest interest rates and provide high returns.

While Türkiye Finans is among the banks that provide the highest return on deposits of 1 million TL, other banks also offer attractive opportunities to investors with competitive rates.

*The evaluations and information contained in the news are not investment advice.